Capital + Merchant debenture holders to get 2nd payment in March

Capital + Merchant debenture holders to get 2nd payment in March
Paul McBeth
By Paul McBeth Feb. 7 (BusinessDesk) - Some 7,500 investors left out of pocket by Capital + Merchant Finance will get their second payment next month, almost a decade after the lender collapsed.  Receiver Brendon Gibson of KordaMentha told investors a second distribution of $2 million will be made next month, taking the total returned so far to $12 million, or 7.2 cents in the dollar, in his latest report. A third payment is expected to be made once the receiver's final claim is completed, although a potential rival has emerged for that m...